Have a look at the April 2020 Market Statistics for Condominiums in Ottawa.

Members of the Ottawa Real Estate Board sold 213 condominium-class properties in April 2020, a decrease of 51% from April 2019.

The average sale price for a condo in Ottawa was $327,813, an increase of 6.3% from April 2019.*

Curious about April 2020 market statistics for residential-class properties in Ottawa as well? Click here to read the full story.

*Average sale price can be useful in establishing trends over time but should not be used as an indicator that specific properties have increased or decreased in value. The calculation of the average sale price is based on the total dollar volume of all properties sold. Price and conditions will vary from neighbourhood to neighbourhood.

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Featured Neighbourhood | Centretown has many great condo buildings. This video features Centretown data as well as building-specific data including average price per sqft, highest list price as well as the number of units sold.

Search through current active listings and buildings in Centretown to learn more about each condo building in the neighbourhood.

To learn more about some of the buildings featured, check out the link below:

The Mondrian

Opus

Studio Argyle

Central Phase 2

Feel free to also use the tool below to explore more of Centretown.

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UNBEATABLE LOCATION – Stylish and Trendy 1 Bed / 1 Bath Condo in the Heart of Downtown Ottawa! This naturally bright corner unit features floor to ceiling windows, high ceilings, in-suite washer/dryer, quartz countertops, and private balcony. Offering a fantastic location – steps to downtown offices, as well as restaurants, coffee shops, grocery, pharmacy, and LCBO along Bank St and Elgin St. Enjoy the buildings wide range of amenities, including outdoor courtyard with BBQ, Party Room/Meeting Room with Projection Screen plus Pool Table and Recreation Center. PARKING INCLUDED. No-pets / No-smokers. 2100/month, first and last month for deposit. Hydro not included. Available July 15th. ***No In-Person Showings Until June 30th due to the nature of current Tenant’s occupation as a health care professional***

 

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support local westboro snapshot

As a local business in Westboro we believe that supporting local during this time is of the upmost importance. If you wanted to take a lunch or dinner off of cooking, here are some of our favourite local spots offering take out and delivery in Westboro:

These businesses make our neighbourhood great – let’s support them during this time!

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Our Approach to Covid19

We live in a new world and COVID19 is accelerating it. The Federal, Provincial, and Municipal Governments have all made recommendations on how to slow the spread of the virus. Movement is being limited and some businesses have been forced to temporarily shut down. As housing is a necessity in daily life, the Province of Ontario has deemed Real Estate Professionals to be an essential service to the public.

The team at Digi Brokerage takes COVID19 and the health and safety of our clients and community very seriously. These are challenging times for all of us. Some people need the real estate market to continue to move forward because they are either moving to/from Ottawa or have already committed to a purchase or sale and need to make another one in order to have a place to live.

Thus, we have implemented the following practices:

  1. Holding all nonessential meetings digitally via Phone, Zoom, FaceTime etc.
  2. Executing all documents and contracts digitally
  3. Limiting showings to 30 minutes to reduce the contact with a property
  4. Rescheduling showings to a safer date if clients are unwell or have travelled within the past 14 days
  5. Not holding Open Houses
  6. Limiting the number of showings per day
  7. Not permitting overlapping showings
  8. Promoting handwashing and sanitizing before and after showings
  9. Suspending company events and holding our Buyer Seminars digitally
  10. Offering virtual walk-throughs of listings

As this situation evolves, we are constantly monitoring recommendations from our Government and Health Organizations to adjust our practices.

Our goal is to keep everyone safe while balancing our clients’ real estate needs.

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Have a look at the March 2020 Market Statistics for Condominiums in Ottawa.

Members of the Ottawa Real Estate Board sold 355 condominium-class properties in March 2020, a decrease of 5.1% from March 2019.

The average sale price for a condo in Ottawa was $369,311, an increase of 27.3% from March 2019.*

“We are observing what seems to be a continued balanced sellers market during the month of March. The balancing is likely a result of the proportional decreases in both buyers and sellers looking to transact. We assume as inventory continues to decrease the market will hold the pre-covid19 price gains as a result of intense demand over the slim inventory.” – Jeff Mziray

Curious about March 2020 market statistics for residential-class properties in Ottawa as well? Click here to read the full story.

*Average sale price can be useful in establishing trends over time but should not be used as an indicator that specific properties have increased or decreased in value. The calculation of the average sale price is based on the total dollar volume of all properties sold. Price and conditions will vary from neighbourhood to neighbourhood.

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Price Reduction: $495,000. Stunning 3 Bed / 2.5 Bath End Unit Townhouse in the desirable neighbourhood of Trailwest with no rear neighbours! Featuring spacious open-concept layouts complete with high-end finishes, large windows for plenty of natural light, and finished basement with 2 storage rooms. Rich dark hardwood floors travel throughout the main level, which boasts an upgraded kitchen with granite countertops and oversized island, large pantry, powder room, as well as a beautiful stone fireplace. Heading to the second level you’ll find a spacious Master Suite with 4-piece ensuite and walk-in closet, two additional nice sized bedrooms, main bathroom, as well as a convenient laundry closet. Enjoy summers in your private and fully fenced backyard, with large stone patio perfect for entertaining. Steps from grocery store, parks, restaurants and public transit. This highly practical and functional townhome will be sure to impress!

 

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At Ottawa’s Condominiums, we believe in educating our clients in all things condos. One of the ways we do this is through our online seminars, packed full of valuable insights and data. We hope you can join us for our next Condo Buyer Seminar on April 23, 2020. Please register below.

 

 

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Welcome to the newest edition of OC Cribs | Hard Loft in Brooklyn NYC. While Qado, our content curator was in Brooklyn last month, he got to check out an awesome loft in Brooklyn, NYC.

Check out our lofts page to see active loft listings for sale and for rent in Ottawa and explore all of the loft buildings Ottawa has to offer!

Stay tuned for the next OC Cribs as we explore some more cool units 🙂

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